On Our Radar

On Our Radar

McDonald's April U.S. Sales Top Views, Europe Disappoints

McDonald's (MCD) posted narrowly better-than-expected April comparable-store sales in the U.S., but European results came in sharply lower than estimates.

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The world's biggest burger chain said comp. sales in the U.S. were flat in April, slightly beating FactSet estimates of a 0.1% decline. Global sales edged up by 1.2%, also topping estimates by 0.1 percentage point.

However, European sales came as a big disappointment. Comp. sales across the pond ticked higher by 0.3%, well below expectations of a 2.4% jump. Rounding that out, sales in the Asia/Pacific, Middle East and Africa region climbed 2.9%, easily topping Street views of a 0.3% increase.

"We are strengthening our business plans by emphasizing customer-driven strategies," said McDonald's CEO Don Thompson in a press release.